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Hyundai gears up for India's biggest IPO ever❗

Files DRHP with SEBI for an IPO worth around ₹25,000 crores.

Should you invest? Let's explore the details! 👇

This IPO could be India's largest ever, surpassing LIC's ₹21,000 crore IPO in 2022.

Parent company Hyundai will sell 17.5% of the company shares with the IPO.

This will be the first car manufacturer IPO in India since Maruti Suzuki in 2003.

Hyundai Motor India, the country's second-largest car manufacturer, aims for a $30 billion valuation.

It follows closely behind Maruti Suzuki, valued at $43 billion.

Hyundai boasts a diverse portfolio with 13 passenger vehicle models across various powertrains.

India is Hyundai's 3rd largest market

It is supported by a vast network of 1,366 sales outlets and 1,550 service centers in 1,031 cities.

The company has a production capacity of 8.2 lakh units at its Chennai plant.

It is expected to reach 9.94 lakh units per annum by FY 2026 with the Talegaon plant.

This expansion underscores Hyundai’s growth ambitions in India.

Financially, Hyundai India ended FY23 with revenue of ₹60,307.58 crore and profits of ₹4,709.25 crore.

Highest amongst non-listed car manufacturers in the country.

Hyundai's main competitor, Maruti Suzuki, has seen its share price rise by 24.35% in the last 6 months and 33.74% in the last year. 📈

Hyundai's IPO will boost its visibility and brand, drawing significant investor interest.

This will heighten competition with Maruti Suzuki, reshaping India's automotive market.

Will Hyundai's strong market presence and financials attract investors❓

Comment your thoughts! 💬

Global Market Buzz | June 14, 2024

🇺🇸 US News:

▪️ The S&P 500 and the Nasdaq Composite rallied to record highs on Thursday for the fourth day in a row. The S&P rose 0.23%, while the Nasdaq added 0.34%.

▪️ China outsold the US in new car sales last year: 13.4 million vs 11.9 million cars sold.

▪️ Elon Musk claims humanoid robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 today.

📅 What to Watch Today:

▪️ Adobe shares soared after better-than-expected earnings. Revenue grew 10% from the same period a year ago.

💡 Fun Fact:

▪️ The oldest continuously operating stock exchange in the world is the Amsterdam Stock Exchange, established in 1602.

Bajaj Housing Finance plans for a whopping ₹7,000 Crores IPO!

Curious about details? Let's dive in! 👇

Bajaj Housing Finance Limited is a wholly owned subsidiary of Bajaj Finance Limited

They offer finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces.

Bajaj Housing Finance has filed a DRHP with SEBI for a ₹7,000 Cr IPO.

It comprises a ₹4,000 Cr fresh issue and a ₹3,000 Cr Offer For Sale (OFS) by Bajaj Finance Ltd.

What's driving this IPO?

Bajaj Housing Finance aims to enhance their capabilities in a booming Indian housing finance market projected to grow at 13-15% CAGR from 2023 to 2027.

Fact: Maharashtra leads in housing finance credit, accounting for 22% as of December 2023.

Why is this significant?

In India, real estate is a major investment for most households.

As per the RBI’s 2017 report, 77% of the average Indian household's assets are in real estate.

Bajaj Finance's financials for 2024 show strong growth across all metrics, with sales up 34.46%, profit up 37.64%, and EPS up 36.84%.

How does Bajaj Housing Finance compare?

They are 5 times smaller than LIC Housing Finance in terms of AUM

As of fiscal 2024, they boast the lowest GNPA ratio of 0.27% and NNPA ratio of 0.10% among large HFCs in India

It reflects excellent credit risk management.

What do you think about Bajaj Housing Finance's growth prospects and their upcoming IPO?

Share your thoughts in the comments! 🗨️

Please give this a ❤️ and share the knowledge ahead!

👉 Nifty 50 hit a new all-time high of 23,450; Nifty Midcap 100 also reached a record high of 55,262.15

👉 Major indices were boosted by auto and consumer durable sectors, while IT firms were the biggest drags

NIFTY: 23,465.6 (⬆️0.29%)
SENSEX: 76,992.77 (⬆️0.24%)

Mahindra & Mahindra (⬆️ 2.18%) Becomes second-largest car company on market cap, plans to introduce 23 launches by 2030

Trent (⬆️ 4.41%) Plans 20-25 new Star Bazaar stores in FY25, targeting key Indian states

Lemon Tree Hotels (⬆️ 3.84%) Opens 9th Rajasthan property, expanding Keys Lite portfolio

RITES (⬆️ 3.69%) Signs MoU with Delhi Metro Rail Corp for collaboration in metro rail system projects

Zee Media (🔻3.49%) Launches spirituality-focused subsidiary, stock up 84% in a year

Muthoot Finance (🔻1.27%) Stock dips but posts 27.14% YoY net sales increase in March 2024

Tech Mahindra (🔻1.26%) Jefferies forecasts significant margin improvement, but risks loom

Global Market Buzz | June 13, 2024

🇺🇸 US Market News:

▪️ Broadcom beat analysts’ estimates for revenue and profit. Announced a 10-for-1 stock split.

▪️ Oracle stock surged 13% in the past 5 days, reaching a new all-time high of $140, after announcing cloud deals with Google and OpenAI

📅 What to Watch Today:

▪️ US Fed Meeting Outcome: US Fed Holds the interest rates steady between 5.25% and 5.50%. At 23-Year High, Projects One Cut This Year

💡 Fun Fact:

▪️ The Dutch East India Company, established in 1602, was the world's first multinational corporation.

This Mid-cap Navratna PSU saw its stock jump by 40% in 3 months

They have recently secured new orders worth around ₹879 crores.

Which PSU is it? Read ahead to find out. 👇

National Buildings Construction Corporation (NBCC), a public sector company under the Ministry of Housing and Urban Affairs.

Founded in 1960, NBCC is a leading construction firm known for its civil engineering expertise.

As of March 2024, the government held a 61.75% stake in the company.

NBCC recently secured orders worth around ₹879 Cr, driving the surge in its stock price.

▪️ ₹700 Cr work order from Kochi Metro Rail for 17.4 acres in Kerala.
▪️ ₹100 crore contract from Oil India to construct a centralised core repository in Assam.
▪️ ₹70 Cr project for a boy's hostel at Hindu College, Delhi.
▪️ ₹9 Cr for an office-cum-training institute for ICSI in Hyderabad.

NBCC's profit growth has not kept pace with their soaring stock price.

Profits have increased by just 5.61% in the last 5 Years.

Net profit figures over the years:

₹392Cr. (2019), ₹100Cr. (2020), ₹240Cr. (2021), ₹238Cr. (2022), ₹278Cr. (2023), and ₹414Cr. (2024).

NBCC, a debt-free company with strong government backing due to its Navratna status.

They lead in prefabrication technology and enhance sustainability with eco-friendly materials and energy-efficient designs, boosting their innovation efforts.

NBCC's stock has surged by 40.60% over 3 months, 93.98% over 6 months, 274.37% over 1 year, and 174.49% over 5 years.

Investors are clearly bullish.

Have you invested in NBCC? Comment below🗨️
Please give this a ❤️ and repost to share the knowledge ahead!

Borosil Scientific listed 83% higher on the stock market following its demerger!

Curious about the details? Let’s dive in! 👇

Borosil Scientific demerged from Borosil Ltd, in December 2023.

Shareholders were given 3 shares of Borosil Scientific Ltd. for every 4 shares of Borosil Ltd. held.

Borosil Ltd, primarily manufactures laboratory glassware and microwavable kitchenware in India.

It was established in 1962 in collaboration with Corning Glass Works, based in Mumbai

Why did the demerger happen❓

1. To enhance the scientific division's efficiency
2. Attract industry specific investors
3. Boost growth in the global pharmaceutical market.

Borosil Scientific now has four main divisions:

▫️ Laboratory Glassware & Consumables
▫️ A range of laboratory instruments under the brand ‘Labquest’
▫️ Primary packaging glass vials and ampoules for the pharmaceutical industry
▫️ Glass Process Systems for both lab and industrial use

Borosil Scientific's financial performance saw a modest growth

Revenue increased 9% from ₹325.82 Cr in FY23 to ₹355.15 Cr in FY24.

Net profit also increased marginally by 3.25% from ₹30.47 Cr to ₹31.46 Cr over the same period.

Borosil Scientific's stock initially listed 83% higher but has dropped 10% to ₹140.6 over the past month.

While Borosil Ltd. stock has declined 9.8% in the same period, and 25.69% in the past 1 Year, to ₹327.5 📉

Will Borosil Scientific’s focus on specific markets help them grow?

Share your insights in the comments! 👇

Please give this a ❤️ and share the knowledge ahead!

NIFTY touched an all-time high of 23,441 points during the day; Sensex rises 204 points

👉 FMCG, energy, and banking stocks dragged the markets down.

👉 The PSU Bank index, Nifty Bank, and Private Bank were also slightly in the red

NIFTY: 23,398.9 (⬆️0.33%)
SENSEX: 76,810.9 (⬆️0.27%)

GRM Overseas (⬆️ 15.14%) Spikes after promoter Atul Garg ups stake, signaling strong future

Oracle Financial Services Software (⬆️ 10.47%) Soars to new highs on strong Oracle Corp earnings

Om Infra (⬆️ 9.99%) Hits record high as Quant Mutual Fund buys nearly 2% stake

Home First Finance Company India (⬆️ 5.76%) Hits record high, with Investec bullish on its RoE

Paytm (One 97 Communications) (⬆️ 6.35%) Partners with Samsung, enhancing the Samsung Wallet in India

Sun TV Network (🔻 2.52%) Gets a boost from ICICI Securities, targeting ₹1,000/share amid ad revenue growth

Tanla Platforms (🔻 1.99%) Breaks out with bullish momentum, targets ₹1,050/share on strong technicals

Hindustan Unilever (🔻 1.63%) Teams up with Whirlpool to revolutionize India's laundry experience

ICICI Bank (🔻 1.09%) Stock dips but gets bullish outlook from market experts

Global Market Buzz | June 12, 2024

🇺🇸 US News:

▪️ US CPI Report: Inflation Cools to 3.3% vs expected 3.4%, raising hopes for Fed rate cuts.

▪️ FedEx eyes headcount reduction in Europe to cut costs.

📅 What to Watch Today:

▪️ Oil Markets Eye Surplus: The IEA predicts a major oil surplus this decade due to slowing demand, potentially impacting energy stocks worldwide.

💡 Fun Fact:

▪️ The United States makes up 40% of the world stock market.

Out of every 10 Toyotas sold, 3 are Hybrids, and the number is increasing❗

Toyota believes EV’s aren’t practical, choses to go the Hybrid way.

Why is Toyota favoring hybrid vehicles over EVs❓
Let's dive in. 👇

Toyota was an early mover in the hybrid space.

Pioneering hybrid cars in the late 1990s.

Now, it enjoys strong market leadership and profits in this segment.

Toyota believes EVs aren’t practical.

Due to higher costs, charging infrastructure challenges, and EV fire concerns. 🔴

Whereas, Hybrids help to reduce carbon emissions and balancing environmental concerns with customer convenience. 🟢

Toyota sees a competitive advantage in hybrids.

It took the company and other Japanese automakers a decade to make hybrids profitable, and competitors may struggle in this space.

Customer sentiment is also shifting towards Hybrid Electric Vehicles (HEV) over Battery Electric Vehicles (BEV) ⚡

As hybrids offer a practical solution with existing infrastructure and familiar technology

Are Toyota’s competitors following suit❓

Some automakers, initially dismissing hybrids, have now recognized the market opportunity

General Motors, Nissan, Jeep and Ford are planning to venture into the Hybrid space soon.

Toyota's stock significantly outperformed its competitors in the past year, delivering a return of 58.14% and 142.62% in the last 5 years.

Toyota’s hybrid strategy shows that multiple paths to sustainability can coexist.

What do you think about Toyota’s decision to focus on hybrids over EVs❓
Share your thoughts in the comments 🗨️

Found this insightful?

Please give this a ❤️ and share the knowledge ahead!

HCLTech renews $278-million deal with Germany's largest co-op bank apoBank

They will help apoBank achieve an outcome-oriented managed services model.

They have also extended their partnership with Olympus to advance affordable healthcare.

HCLTech stock ended at ₹1,437, up 0.57% on Wednesday. 📈